Cancer Antibody Drug Conjugates Market Present Scenario and Growth Analysis 2020 - 2027 By focusing on Key Players like Viventia Biotechnologies, Nordic Nanovector, Biotest AG, Seattle Genetics

Overview:

In recent years, cancer antibody conjugates have grown up as an emerging development frontier for pharmaceutical companies involved in research and development of medications for cancer. Monoclonal antibodies offer high therapeutic effectiveness and minimal side effects. They also have very high availability compared to other immunotherapies and can be used as a replacement therapy. The global cancer antibody drug conjugates industry is expected to grow at high rate due to increasing prevalence of cancer and growing demand for cancer treatment.

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Drivers:

Increasing prevalence of cancer, unhealthy urban lifestyle, and consumption of alcohol and tobacco worldwide are the major factors driving growth of the global cancer antibody drug conjugates industry. For instance, according to the United States National Cancer Institute, the annual cancer cases will reach 19 million by the year 2024 worldwide. Moreover, increasing demand for quality and cost-effective cancer treatment is projected to propel the industry growth.

Restraints:

Lack of funds and high cost of procedures are the major factors restraining growth of the global cancer antibody drug conjugate industry.

Regional Analysis:

North America dominates the global cancer antibody drug conjugate industry due to technological advancements in manufacturing processes and contribution of nanotechnology for the development of cancer antibody drug conjugate. Moreover, increasing research and development in order to develop cancer antibody drug conjugate is also propelling the industry growth. For instance, three antibody drug conjugates (ADCs) were approved by the U.S. Food and Drug Administration (FDA) in the year 2019, which included Enhertu, Padcev, and Polivy.

Competitive Section:

Key players of the global cancer antibody drug conjugates industry are Biogen Idec, Merck, Novartis, AbbVie, Stem CentRx, Roche, Bristol-Myers Squibb, Millennium, UCB, Viventia Biotechnologies, Nordic Nanovector, Biotest AG, Seattle Genetics, AbGenomics Corporation, PDL BioPharma, Progenics Pharmaceuticals, and Helix BioPharma.

In June 2020, AbbVie announced its collaboration with Genmab for the development of cancer antibody drug conjugates.
In September 2020, Merck unveiled its licensed deal of US$ 1.6 billion for Seattle Genetics’ ADC (antibody drug conjugate) ladiratuzumab vedotin (LV).

Understanding Scope:

In-depth lookup and thorough assessment of the various contributing elements disclose that the global cancer antibody conjugates market is estimated to perform decently in the coming near years, achieving a complete valuation in 2020, and is in addition poised to register in 2027, developing at a healthful CAGR.

This research report additionally incorporates massive statistics on a variety of market-specific segments, elaborating on phase categorization comprising type, application as nicely as end-user sections which successively impact rewarding business judgment.

Regional Overview:

In this part of the cancer antibody conjugates Market report, we will be taking a look at the geographical areas and the role they play in contributing to the growth of this line of business. The areas of interest in this document are as follows – The Middle East and Africa, South and North America, Europe, and The Asia Pacific. From the cancer antibody conjugates Market report, it becomes clear which region is the largest contributor.

The utility-owned segment is mainly being driven by increasing financial incentives and regulatory supports from the governments globally. The current utility-owned cancer antibody conjugates Market is affected primarily by the COVID-19 pandemic. Most of the projects in China, the US, Germany, and South Korea are delayed, and the companies are facing short-term operational issues due to supply chain constraints and lack of site access due to the COVID-19 outbreak. Asia-Pacific is anticipated to get highly affected by the spread of the COVID-19 due to the effect of the pandemic in China, Japan, and India.

Key questions answered through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the cancer antibody conjugates Market?
• Which factors are influencing the cancer antibody conjugates Market over the forecast period?
• What are the global challenges, threats, and risks in the cancer antibody conjugates Market?
• Which factors are propelling and restraining the cancer antibody conjugates Market?
• What are the demanding global regions of the cancer antibody conjugates Market?
• What will be the global market size over the coming future?
• What are the different effective business strategies followed by global companies?

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